Money Moves

Leanne McDonald, founder of the support group Simple Acts of Kindness in Wolverhampton, reports an increase in working individuals seeking assistance amid the ongoing cost-of-living crisis. Established during the pandemic, the organization provides essential household items, such as furniture and clothing, to families across Wolverhampton, Birmingham, and the Black Country. Currently, the group helps approximately […]

Young individuals in England have expressed concerns regarding the high cost of bus travel, which they believe affects their ability to socialize and manage living expenses. A report by MPs has recommended the provision of free bus travel for all individuals under the age of 22, similar to a policy in Scotland. The Department for

Topshop, once a prominent destination for teenage girls in the 2000s and 2010s, is set to make a comeback after its previous parent company, Sir Philip Green’s Arcadia Group, collapsed in 2020, leading to the closure of its physical stores. The brand is now under Asos’s ownership and plans to reinstate standalone shops on the

Recent discussions among economists have centered on potential risks to the US economy under President Donald Trump’s administration. Concerns have been raised regarding tariffs and immigration policies, with some experts suggesting they might lead to a situation akin to “stagflation,” similar to the economic difficulties of the 1970s. The White House has been dismissive of

Iceland, a supermarket chain, is introducing a program to financially incentivize customers who report incidents of shoplifting as part of its strategy to combat increasing retail theft. The company’s executive chairman, Richard Walker, announced that shoppers who inform staff about ongoing thefts will receive a £1 credit on their Iceland Bonus Card, even if the

Associated British Foods (ABF), the parent company of Kingsmill, has announced an agreement to purchase Hovis, a rival brand, with plans to merge the two companies. This merger aims to establish the largest bread brand in the UK. ABF, which also owns Primark, Ryvita, and Twinings, indicated that it will implement cost-cutting measures to transition

The UK’s largest bioethanol facility, Vivergo Fuels in Hull, will commence operations closure on Monday after the government opted not to extend a financial rescue package to the sector. Associated British Foods, which owns Vivergo, announced that the first round of employee redundancies would take effect on Tuesday. Both Vivergo Fuels and Ensus, the owner

Strikes by baggage screeners at Gatwick Airport, previously set for August 22-26, have been called off, although the Unite union has indicated that additional walkouts may still occur. The decision to suspend the strike follows an improved pay offer from ICTS, the company employing the baggage screeners. Unite plans to hold a ballot for its

The leadership at the UK’s national institute for artificial intelligence (AI) has acknowledged that recent months have been difficult for staff amid significant changes within the organization. This acknowledgment follows a whistleblowing complaint, submitted to the Charity Commission, in which employees raised serious concerns regarding the stability of the institute, which relies on £100 million

Shein, the Chinese fast fashion retailer, experienced a significant increase in sales in the UK, with a reported growth of 32.3%, bringing total sales to £2.05 billion in 2024. This surge contributed to a 57% rise in profits compared to 2023, resulting in a pre-tax profit of £38.3 million, up from £24.4 million in the